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Views: 54 DOM: 146 Updated: 07.26.24 Posted: 06.21.24 Status: Active 06.21.24

Summary

Price $2,818,222
Built/Renov 2018
Tenant Building Kidz School
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 7,460
Lease Start 05-20-2022
#Units 47
Price/SF $377.78
Expiration 05-19-2037
Tenant Type Daycare/Education
NOI $190,230
R. Term 12.6
Ownership Fee Simple
Rent/SF $25.50
Increases 2.0%/1/yrs
Pop 5Mi 263,108
Lot/AC 0.76
Options 4/5yrs/2%
AHHI 5Mi $125,218

Lease Highlights

  • Building Kidz School has 12+ years remaining in their primary term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases
  • Absolute NNN lease with zero landlord responsibilities
  • Substantial personal guarantee from the franchisee, profitable location | Contact Broker for details

Location Description

The subject property is located just off the intersection of North Alma School Road (25,611+ VPD) and West Warner Road (18,300+ VPD). It is also positioned in a very large residential area with a population of over 17,350 within a 1-mile radius. The population is projected to grow 6.71% by 2027. The site is adjacent to a Walmart Supercenter-Anchored Center with hundreds of residential homes...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Building Kidz School is an early childhood education center that serves one million children across the United States. The company integrates song, dance, visual art, and performance into its...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 19,426 144,398 380,053
2023 Total Population : 19,617 143,837 377,970
2023 Employed Civilian Pop : 11,796 81,906 209,711
2023 Total Businesses : 462 5,262 13,220
2023 Average Household Income : $ 93,569 $ 111,783 $ 113,613
2023 Total Consumer Spending : $ 662 M $ 5451 M $ 14549 M
2023 Median Age : 36 36 36
2023 Total Households : 8,129 56,234 147,917
2023 Pop Age 25+: Bachelor's Degree : 3,855 27,177 69,496
2023 Average Home Value : $ 352,209 $ 406,834 $ 425,774
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Alma School Rd W el Monte Pl 2011 25,611 0.11 mi
North Alma School Road E Warner Rd 2019 14,800 0.16 mi
West Warner Road N Comanche Dr 2019 18,300 0.22 mi
N Alma School Rd W Mesquite St 2017 29,300 0.24 mi
West Warner Road N Alma School Rd 2019 17,300 0.25 mi
N Alma School Rd W Stottler Dr 2011 24,376 0.32 mi
North Alma School Road N Pleasant Dr 2019 15,800 0.32 mi
West Highland Street N Alma School Rd 2018 28,260 0.47 mi
E Warner Rd N Arrowhead Dr 2017 39,800 0.51 mi
North Alma School Road W Mission Dr 2018 25,705 0.51 mi

Listing Broker

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